technology

[2022 WSIS Forum] Inclusiveness, Access to Information and Knowledge for All / Bridging Digital Divides

WSIS Forum 2022

High-Level Policy Session 7:

Inclusiveness, Access to Information and Knowledge for All / Bridging Digital Divides

Register here for this 7th session of the 2022 WSIS Forum (virtual and in-person participation available): itu.zoom.us/meeting/register/tJIkf-ysqzsuGtMorqFMzRQ1zPPF0GurUgte

About the Session:

The ability for all to access and contribute information, ideas and knowledge is essential in an inclusive Information Society.

The sharing and strengthening of global knowledge for development can be enhanced by removing barriers to equitable access to information for economic, social, political, health, cultural, educational, and scientific activities and by facilitating access to public domain information, including by universal design and the use of assistive technologies.

A rich public domain is an essential element for the growth of the Information Society, creating multiple benefits such as an educated public, new jobs, innovation, business opportunities, and the advancement of sciences. Information in the public domain should be easily accessible to support the Information Society, and protected from misappropriation. Public institutions such as libraries and archives, museums, cultural collections and other community-based access points should be strengthened so as to promote the preservation of documentary records and free and equitable access to information.

Read more about the Geneva Declaration of Principles here: itu.int/net/wsis/docs/geneva/official/dop.html

Speakers:

  • Moderator: Dr. Liberato Bautista (High-Level Track Facilitator), President, Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations (CoNGO), United States of America
  • Mr. Paul Donohoe (WSIS Action Line Facilitator), Digital Economy and Trade Coordinator Universal Postal Union, Switzerland
  • H.E. Mr. Mustafa Jabbar [R], Minister Posts and Telecommunications Division, Ministry of Posts, Telecommunications and ICT, Bangladesh
  • H.E. Mr. Toelupe Poumulinuku Onesemo, Minister, Ministry of Communications and Information Technology, Samoa
  • H.E. Mr. Bogdan Dumea, State Secretary, Ministry of Research, Innovation and Digitalization, Romania
  • Ms. Aichatou Habibou Oumani, President, Niger Regulatory Authority for Electronic Communication and Postal Service, Niger
  • Mr. Dan Sjoblom, Director General, Swedish Post and Telecom Authority, Sweden
  • Mr. Bakhtiyar Mammadov, Deputy Head of Administration, Ministry of Digital Development and Transport, Azerbaijan
  • Dr. Caterina Berbenni-Rehm, Founder & CEO, PROMIS@Service, Italy
  • Ms. Tatyana Kanzaveli, CEO, Open Health Network, United States of America
  • Mr. Ahm Bazlur Rahman [R], Chief Executive Officer, Bangladesh NGOs Network for Radio & Communication (BNNRC), Bangladesh

______________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Education, Learning and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Language and Languages, please email the co-chairs at fmhult@umbc.edu or tonkin@hartford.edu. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org

[2022 WSIS Forum] Inclusiveness, Access to Information and Knowledge for All / Bridging Digital Divides

WSIS Forum 2022

High-Level Policy Session 7:

Inclusiveness, Access to Information and Knowledge for All / Bridging Digital Divides

Register here for this 7th session of the 2022 WSIS Forum (virtual and in-person participation available): itu.zoom.us/meeting/register/tJIkf-ysqzsuGtMorqFMzRQ1zPPF0GurUgte

About the Session:

The ability for all to access and contribute information, ideas and knowledge is essential in an inclusive Information Society.

The sharing and strengthening of global knowledge for development can be enhanced by removing barriers to equitable access to information for economic, social, political, health, cultural, educational, and scientific activities and by facilitating access to public domain information, including by universal design and the use of assistive technologies.

A rich public domain is an essential element for the growth of the Information Society, creating multiple benefits such as an educated public, new jobs, innovation, business opportunities, and the advancement of sciences. Information in the public domain should be easily accessible to support the Information Society, and protected from misappropriation. Public institutions such as libraries and archives, museums, cultural collections and other community-based access points should be strengthened so as to promote the preservation of documentary records and free and equitable access to information.

Read more about the Geneva Declaration of Principles here: itu.int/net/wsis/docs/geneva/official/dop.html

Speakers:

  • Moderator: Dr. Liberato Bautista (High-Level Track Facilitator), President, Conference of Non-Governmental Organizations in Consultative Relationship with the United Nations (CoNGO), United States of America
  • Mr. Paul Donohoe (WSIS Action Line Facilitator), Digital Economy and Trade Coordinator Universal Postal Union, Switzerland
  • H.E. Mr. Mustafa Jabbar [R], Minister Posts and Telecommunications Division, Ministry of Posts, Telecommunications and ICT, Bangladesh
  • H.E. Mr. Toelupe Poumulinuku Onesemo, Minister, Ministry of Communications and Information Technology, Samoa
  • H.E. Mr. Bogdan Dumea, State Secretary, Ministry of Research, Innovation and Digitalization, Romania
  • Ms. Aichatou Habibou Oumani, President, Niger Regulatory Authority for Electronic Communication and Postal Service, Niger
  • Mr. Dan Sjoblom, Director General, Swedish Post and Telecom Authority, Sweden
  • Mr. Bakhtiyar Mammadov, Deputy Head of Administration, Ministry of Digital Development and Transport, Azerbaijan
  • Dr. Caterina Berbenni-Rehm, Founder & CEO, PROMIS@Service, Italy
  • Ms. Tatyana Kanzaveli, CEO, Open Health Network, United States of America
  • Mr. Ahm Bazlur Rahman [R], Chief Executive Officer, Bangladesh NGOs Network for Radio & Communication (BNNRC), Bangladesh

______________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Education, Learning and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Language and Languages, please email the co-chairs at fmhult@umbc.edu or tonkin@hartford.edu. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org

Exploring Digital Finance’s Real Promises and Challenges for Development

Exploring Digital Finance’s Real Promises and Challenges for Development

Join the NGO Committee on Financing for Development on Wednesday, 27 April 2022, 8:00 a.m. – 9:30 a.m. EDT for this official side event to the 2022 ECOSOC Financing for Development Forum.

Register here: https://us02web.zoom.us/meeting/register/tZ0qc-6orjsuGdFhyWHfljp7ZNxV526Onoc7

Speakers:

  • Ms. Cina Lawson, Minister of Digital Economy and Transformation of the Republic of Togo (TBC)
  • Dr. Purva Khera, Economist, International Monetary Fund
  • Mr. Johannes Ehrentraud, Senior Advisor, Financial Stability Institute, Bank for International Settlements
  • Ms. Sofie Blakstad, CEO of hiveonline and author of Fintech Revolution: Universal Inclusion in the New Financial Ecosystem
  • Ms. Anneleen Vos, Seionr Economic Policy Officer, International Rescue Committee
  • Mr. Prabhat Labh, CEO, Grameen Foundation India
  • Ms. Mercy Buku, Program Leader, Toronto Center

Moderator: Mx. Anita Thomas, Chair, NGO Committee on FfD, Representative to the UN, Women First International Fund

Co-sponsors: ManUp Campaign, Change Management Solutions, Sisters of Charity Foundation, African Development Interchange Network, IBVM

Background:

The UN Secretary General’s task force on digital finance in its report titled “People’s Money: Harnessing Digitalization to Finance a Sustainable Future,” spells out the transformational impact digital finance can have on sustainable development. Providing relief for millions around the world, supporting businesses, and protecting jobs and livelihoods, digital finance served as a lifeline during the COVID-19 pandemic. A World Bank tally of policy responses to the pandemic finds that at least 58 governments in developing countries used digital payments to deliver COVID-19 relief, of which 36 countries made payments into fully transactional accounts that were being used for saving beyond simply withdrawing cash. According to the GSMA, international remittances processed via mobile money increased by 65 percent in 2020.

Proponents of digital finance highlight its strong capabilities to reduce transaction costs, the potential of Artificial Intelligence to provide fair and equitable treatment of credit applicants, and the scalability of cloud technology, through the use of blockchain technology, to allow consumers to transact remotely and seamlessly across multiple platforms.

While the experience of COVID-19 has proven that digitalization can transform economies and lives, it needs to be shaped with both its advantages and potential risks in mind in order to bring everyone into the digital age. For technology to benefit everyone, private sector innovation must be supported by the appropriate public goods such as the public provision of foundational infrastructure, access to electricity, mobile and internet coverage.

As in the case of any disruptive technology, without combining technological advances with sound policy measures, digital technology cannot deliver on its potential to meaningfully advance financial inclusion for everyone, including the more than 2 billion unbanked people globally. Delivering on promises to advance financial inclusion can only be considered meaningful when the account holder has a fully functional account that they utilize to save, make payments, obtain manageable credit, and mitigate economic risks and is simply not utilized to withdraw cash from cash transfers from the government, which is overwhelmingly the case at this time.

By examining successful strategies that maximize digital finance’s potential while minimizing risks to the financial sector, government revenues, and at-risk populations, attendees will gain a better understanding of how digital finance can sustainably advance development objectives.

_______________________________________________________________________________________

CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations.

Exploring Digital Finance’s Real Promises and Challenges for Development

Exploring Digital Finance’s Real Promises and Challenges for Development

Join the NGO Committee on Financing for Development on Wednesday, 27 April 2022, 8:00 a.m. – 9:30 a.m. EDT for this official side event to the 2022 ECOSOC Financing for Development Forum.

Register here: https://us02web.zoom.us/meeting/register/tZ0qc-6orjsuGdFhyWHfljp7ZNxV526Onoc7

Speakers:

  • Ms. Cina Lawson, Minister of Digital Economy and Transformation of the Republic of Togo (TBC)
  • Dr. Purva Khera, Economist, International Monetary Fund
  • Mr. Johannes Ehrentraud, Senior Advisor, Financial Stability Institute, Bank for International Settlements
  • Ms. Sofie Blakstad, CEO of hiveonline and author of Fintech Revolution: Universal Inclusion in the New Financial Ecosystem
  • Ms. Anneleen Vos, Seionr Economic Policy Officer, International Rescue Committee
  • Mr. Prabhat Labh, CEO, Grameen Foundation India
  • Ms. Mercy Buku, Program Leader, Toronto Center

Moderator: Mx. Anita Thomas, Chair, NGO Committee on FfD, Representative to the UN, Women First International Fund

Co-sponsors: ManUp Campaign, Change Management Solutions, Sisters of Charity Foundation, African Development Interchange Network, IBVM

Background:

The UN Secretary General’s task force on digital finance in its report titled “People’s Money: Harnessing Digitalization to Finance a Sustainable Future,” spells out the transformational impact digital finance can have on sustainable development. Providing relief for millions around the world, supporting businesses, and protecting jobs and livelihoods, digital finance served as a lifeline during the COVID-19 pandemic. A World Bank tally of policy responses to the pandemic finds that at least 58 governments in developing countries used digital payments to deliver COVID-19 relief, of which 36 countries made payments into fully transactional accounts that were being used for saving beyond simply withdrawing cash. According to the GSMA, international remittances processed via mobile money increased by 65 percent in 2020.

Proponents of digital finance highlight its strong capabilities to reduce transaction costs, the potential of Artificial Intelligence to provide fair and equitable treatment of credit applicants, and the scalability of cloud technology, through the use of blockchain technology, to allow consumers to transact remotely and seamlessly across multiple platforms.

While the experience of COVID-19 has proven that digitalization can transform economies and lives, it needs to be shaped with both its advantages and potential risks in mind in order to bring everyone into the digital age. For technology to benefit everyone, private sector innovation must be supported by the appropriate public goods such as the public provision of foundational infrastructure, access to electricity, mobile and internet coverage.

As in the case of any disruptive technology, without combining technological advances with sound policy measures, digital technology cannot deliver on its potential to meaningfully advance financial inclusion for everyone, including the more than 2 billion unbanked people globally. Delivering on promises to advance financial inclusion can only be considered meaningful when the account holder has a fully functional account that they utilize to save, make payments, obtain manageable credit, and mitigate economic risks and is simply not utilized to withdraw cash from cash transfers from the government, which is overwhelmingly the case at this time.

By examining successful strategies that maximize digital finance’s potential while minimizing risks to the financial sector, government revenues, and at-risk populations, attendees will gain a better understanding of how digital finance can sustainably advance development objectives.

_______________________________________________________________________________________

CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations.

The Climate Emergency: Does Religion Matter?

You are invited to “The Climate Emergency: Does Religion Matter?”, the latest installment of the Temple of Understanding’s ECO JUSTICE FOR ALL Dialogues. These are special intimate discussions about the climate emergency with international ChangeMakers.

ECO JUSTICE FOR ALL interviews and dialogues are ongoing programs presented by the Temple of Understanding, incorporating our outreach in the area of environmental awareness and advocacy. We present a diverse range of perspectives, from scientific to spiritual views, on the climate emergency and offer a variety of solutions that we can all do easily and effectively in our everyday lives. World religious and spiritual visionaries, Indigenous leaders, scientists and social scientists, environmental activists, artists, musicians and writers, youth and elders, local and global people, all come together to address the urgency of the climate crisis through these ongoing interviews and dialogues.

Register here!

Speakers:

Rabbi Ellen Bernstein is an eco-theologian, spiritual leader, writer and creative. She founded Shomrei Adamah, Keepers of the Earth, the first national Jewish environmental organization in 1988. Her books include Let the Earth Teach You Torah, Ecology and the Jewish Spirit, and The Splendor of Creation. Ellen also created the first ecologically-centered Tu B’Sh’vat (Jewish New Year of theTrees) seder in 1988 and popularized Tu B’Sh’vat as a community-wide inter-spiritual ecological arts celebration for all peoples. Her most recent book, The Promise of the Land, A Passover Haggadah is the first comprehensive, ecological haggadah (guidebook) for Passover (Behrman House, 2020). In 2020 during the pandemic, Ellen launched the Earth Seder movement, helping to organize several dozen world-wide Earth Seders on Zoom. Ellen continues to write and teach on the ecology of the Hebrew Bible, and serves on the advisory board of the Yale Forum on Religion and Ecology. To learn more please visit ellenbernstein.org and thepromiseoftheland.com.

Theodore Hiebert writes about biblical perspectives on the environment and about biblical views of identity and difference. His book The Yahwist’s Landscape: Nature and Religion in Early Israel challenges claims that the Bible privileges humans and separates them from nature, and it shows how biblical religion is grounded in the natural world. He has made contributions about biblical perspectives on nature to such works as The New Interpreter’s Dictionary of the Bible, The Oxford Companion to the Bible, Earth and Word: Classic Sermons on Saving the Planet, and Interpretation. He is the author of the article on Genesis for the forthcoming Oxford Handbook of the Bible and Ecology. Ted was the lead translator of the Book of Genesis and one of the editors for the recent English translation, the Common English Bible (CEB). He wrote the notes to Genesis for the CEB Study Bible and for the New Interpreter’s Study Bible, based on the New Revised Standard Version. He is the Old Testament editor for Abingdon Press’s Covenant Bible Study. Ted also writes about biblical views of identity and difference. His book The Beginning of Difference: Discovering Identity in God’s Diverse World challenges exclusivist cultural interpretations of the book of Genesis and reveals a text that embraces and celebrates ethnic identities and differences. It contains a reinterpretation of the story of Babel as positive account of the origin of the world’s cultures. God’s Big Plan, which he co-authored with Elizabeth Caldwell, is a children’s story of Babel based on this new interpretation. Ted is currently at work on a study of the book of Genesis as migration literature. Ted is a member of the Mennonite Church and has served as pastor of the Boston Mennonite Congregation. He is a frequent lecturer and teacher in adult education programs in churches in the Chicago area. He is Francis A. McGaw Professor of Old Testament and Dean of the Faculty Emeritus at McCormick Theological Seminary in Chicago and lives in Homewood, IL.

___________________________________________________________________________________________

CoNGO Notes: For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

The Climate Emergency: Does Religion Matter?

You are invited to “The Climate Emergency: Does Religion Matter?”, the latest installment of the Temple of Understanding’s ECO JUSTICE FOR ALL Dialogues. These are special intimate discussions about the climate emergency with international ChangeMakers.

ECO JUSTICE FOR ALL interviews and dialogues are ongoing programs presented by the Temple of Understanding, incorporating our outreach in the area of environmental awareness and advocacy. We present a diverse range of perspectives, from scientific to spiritual views, on the climate emergency and offer a variety of solutions that we can all do easily and effectively in our everyday lives. World religious and spiritual visionaries, Indigenous leaders, scientists and social scientists, environmental activists, artists, musicians and writers, youth and elders, local and global people, all come together to address the urgency of the climate crisis through these ongoing interviews and dialogues.

Register here!

Speakers:

Rabbi Ellen Bernstein is an eco-theologian, spiritual leader, writer and creative. She founded Shomrei Adamah, Keepers of the Earth, the first national Jewish environmental organization in 1988. Her books include Let the Earth Teach You Torah, Ecology and the Jewish Spirit, and The Splendor of Creation. Ellen also created the first ecologically-centered Tu B’Sh’vat (Jewish New Year of theTrees) seder in 1988 and popularized Tu B’Sh’vat as a community-wide inter-spiritual ecological arts celebration for all peoples. Her most recent book, The Promise of the Land, A Passover Haggadah is the first comprehensive, ecological haggadah (guidebook) for Passover (Behrman House, 2020). In 2020 during the pandemic, Ellen launched the Earth Seder movement, helping to organize several dozen world-wide Earth Seders on Zoom. Ellen continues to write and teach on the ecology of the Hebrew Bible, and serves on the advisory board of the Yale Forum on Religion and Ecology. To learn more please visit ellenbernstein.org and thepromiseoftheland.com.

Theodore Hiebert writes about biblical perspectives on the environment and about biblical views of identity and difference. His book The Yahwist’s Landscape: Nature and Religion in Early Israel challenges claims that the Bible privileges humans and separates them from nature, and it shows how biblical religion is grounded in the natural world. He has made contributions about biblical perspectives on nature to such works as The New Interpreter’s Dictionary of the Bible, The Oxford Companion to the Bible, Earth and Word: Classic Sermons on Saving the Planet, and Interpretation. He is the author of the article on Genesis for the forthcoming Oxford Handbook of the Bible and Ecology. Ted was the lead translator of the Book of Genesis and one of the editors for the recent English translation, the Common English Bible (CEB). He wrote the notes to Genesis for the CEB Study Bible and for the New Interpreter’s Study Bible, based on the New Revised Standard Version. He is the Old Testament editor for Abingdon Press’s Covenant Bible Study. Ted also writes about biblical views of identity and difference. His book The Beginning of Difference: Discovering Identity in God’s Diverse World challenges exclusivist cultural interpretations of the book of Genesis and reveals a text that embraces and celebrates ethnic identities and differences. It contains a reinterpretation of the story of Babel as positive account of the origin of the world’s cultures. God’s Big Plan, which he co-authored with Elizabeth Caldwell, is a children’s story of Babel based on this new interpretation. Ted is currently at work on a study of the book of Genesis as migration literature. Ted is a member of the Mennonite Church and has served as pastor of the Boston Mennonite Congregation. He is a frequent lecturer and teacher in adult education programs in churches in the Chicago area. He is Francis A. McGaw Professor of Old Testament and Dean of the Faculty Emeritus at McCormick Theological Seminary in Chicago and lives in Homewood, IL.

___________________________________________________________________________________________

CoNGO Notes: For more information on the Committee of Religious NGOs at the United Nations, please visit rngos.wordpress.com. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com.

Conversation with Dr. Ahmed Shaheed, UN Special Rapporteur on Freedom of Religion or Belief

Please join us on Tuesday, October 26, 2021, 10:00am to 11:15am (Eastern) for a conversation about Freedom of Thought with Dr. Ahmed Shaheed, UN Special Rapporteur on Freedom of Religion or Belief.

On the occasion of the 76th Session of the United Nations General Assembly, the NGO Committee on Freedom of Religion or Belief is hosting a conversation with Dr. Ahmed Shaheed, UN Special Rapporteur on Freedom of Religion or Belief, to discuss his most recent report (presented to the Third Committee on October 19, 2021), which focuses on the Freedom of Thought. Dr. Shaheed will discuss what freedom of thought entails, how and where it is most in danger of being violated, the ways in which emerging technologies are threatening this right, how it connects with religious freedom and freedom of expression, and how it is impacted by social media, among other things.

Dr. Shaheed’s report on Freedom of Thought can be accessed here: https://www.ohchr.org/Documents/Issues/Religion/A_76_380_AUV.docx

We will have time for Q+A, so please feel free to come with questions for Dr. Shaheed.

Please note: Registration is required by Monday, October 25, at 11:59pm. To register, please reply to this email with your name and organization. You will receive a Zoom link via email on the morning of the event.
__________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Freedom of Religion or Belief, one of many Substantive Committees of the Conference of NGOs in Consultative Relationship with the United Nations, please visit unforb.org. For more information on the NGO Committee on Spirituality, Values, and Global Concerns-NY, please visit facebook.com/groups/1637987226437203. For more information on the NGO Committee on Mental Health, please visit ngomentalhealth.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org

Conversation with Dr. Ahmed Shaheed, UN Special Rapporteur on Freedom of Religion or Belief

Please join us on Tuesday, October 26, 2021, 10:00am to 11:15am (Eastern) for a conversation about Freedom of Thought with Dr. Ahmed Shaheed, UN Special Rapporteur on Freedom of Religion or Belief.

On the occasion of the 76th Session of the United Nations General Assembly, the NGO Committee on Freedom of Religion or Belief is hosting a conversation with Dr. Ahmed Shaheed, UN Special Rapporteur on Freedom of Religion or Belief, to discuss his most recent report (presented to the Third Committee on October 19, 2021), which focuses on the Freedom of Thought. Dr. Shaheed will discuss what freedom of thought entails, how and where it is most in danger of being violated, the ways in which emerging technologies are threatening this right, how it connects with religious freedom and freedom of expression, and how it is impacted by social media, among other things.

Dr. Shaheed’s report on Freedom of Thought can be accessed here: https://www.ohchr.org/Documents/Issues/Religion/A_76_380_AUV.docx

We will have time for Q+A, so please feel free to come with questions for Dr. Shaheed.

Please note: Registration is required by Monday, October 25, at 11:59pm. To register, please reply to this email with your name and organization. You will receive a Zoom link via email on the morning of the event.
__________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Freedom of Religion or Belief, one of many Substantive Committees of the Conference of NGOs in Consultative Relationship with the United Nations, please visit unforb.org. For more information on the NGO Committee on Spirituality, Values, and Global Concerns-NY, please visit facebook.com/groups/1637987226437203. For more information on the NGO Committee on Mental Health, please visit ngomentalhealth.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org

The global debt crisis and the role of private creditors

Sharing responsibilities as well as benefits? The global debt crisis and the role of private creditors

The results of the G20 initiatives to relieve the debt of the Global South, which has been hard hit economically by the pandemic, are sobering. Many eligible countries are reluctant to enter into negotiations. They fear that debt relief will cut off their long-term access to private capital markets and cause them to lose the confidence of private investors. These concerns have been reinforced by creditors, especially from the private sector. And the G20? Despite its commitment to private sector participation in the Common Framework for Debt Treatments, it has so far not found the political will to make such participation mandatory. However, this would be a key step to shield debtor countries from uncooperative creditors and achieve substantial debt relief.

In the run-up to the joint meeting of G20 health and finance ministers this October we have invited international experts from academia, government, and financial institutions to discuss the following questions among others:

  • Is there empirical evidence that debt relief excludes countries from much-needed development finance?
  • On what grounds could the participation from the private sector in official debt relief initiatives, comparable to other creditors, be expected?
  • In what ways can the G20 compel private sector participation and equal burden-sharing?

Further event details will be forthcoming, but please stay apprised of updates here: https://ny.fes.de/

____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-New York, please visit ngocsd-ny.org.

The global debt crisis and the role of private creditors

Sharing responsibilities as well as benefits? The global debt crisis and the role of private creditors

The results of the G20 initiatives to relieve the debt of the Global South, which has been hard hit economically by the pandemic, are sobering. Many eligible countries are reluctant to enter into negotiations. They fear that debt relief will cut off their long-term access to private capital markets and cause them to lose the confidence of private investors. These concerns have been reinforced by creditors, especially from the private sector. And the G20? Despite its commitment to private sector participation in the Common Framework for Debt Treatments, it has so far not found the political will to make such participation mandatory. However, this would be a key step to shield debtor countries from uncooperative creditors and achieve substantial debt relief.

In the run-up to the joint meeting of G20 health and finance ministers this October we have invited international experts from academia, government, and financial institutions to discuss the following questions among others:

  • Is there empirical evidence that debt relief excludes countries from much-needed development finance?
  • On what grounds could the participation from the private sector in official debt relief initiatives, comparable to other creditors, be expected?
  • In what ways can the G20 compel private sector participation and equal burden-sharing?

Further event details will be forthcoming, but please stay apprised of updates here: https://ny.fes.de/

____________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit congocsd.wordpress.com. For more information on the NGO Committee on Sustainable Development-New York, please visit ngocsd-ny.org.

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